Common use of Additional Leasehold Mortgagee Provisions Clause in Contracts

Additional Leasehold Mortgagee Provisions. Lessor understands that Lessee’s Leasehold Mortgagee or Financiers may request an amendment to this Lease to conform this Lease to Leasehold Mortgagee’s or Financiers’ underwriting requirements. Lessor agrees to cooperate with Lessee and such Leasehold Mortgagee to amend the terms of this Lease by agreeing to make such changes as are commercially reasonable and are commonly requested by Leasehold Mortgagees and Financiers which make similar loans to entities for projects which are similar to the Permitted Use, are located on municipal land, and have a lessor that is a municipal corporation.

Appears in 4 contracts

Samples: Site Lease Agreement, Site Lease Agreement – Rooftops, Site Lease Agreement Landfill

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